In the LMK partnership, Luis's capital is $41,000, Marty's is $51,100, and Karl's is $31,200. They share income in a 4:11 ratio, respectively Karl is retiring from the partnership. Required: Prepare journal entries to record Karl's withdrawal according to each of the following independent assumptions: a. Karl is paid $38,400, and no goodwill is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the payment of $38,400 to Karl and no goodwill is recorded. Note: Enter debits before credits